Hainan Meilan International Airport Company (HK:0357) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Hainan Meilan International Airport Company has announced a new loan agreement with lenders including CDB Hainan Branch and ICBC Haikou Jiangdong Sub-branch, with the loan amounting to RMB6.36327 billion, equally divided between the company and its parent. This new financial arrangement, aimed at supporting the airport’s construction project, is classified as a major transaction under Hong Kong’s listing rules and will require shareholder approval. The move underlines the company’s strategic efforts to enhance its infrastructure while maintaining financial transparency.
For further insights into HK:0357 stock, check out TipRanks’ Stock Analysis page.